4 Steps to Buying Commercial Property in Dayton
When you’re ready to expand your business, you’re going to need the ideal real estate. Luckily, there are plenty of attractive properties in Dayton, OH. It’s important to work closely with a commercial real estate agent to make sure you’re getting what you need for the best price possible as you conduct your search. Here are a few steps to consider along the way to making your purchase.
How to Prepare When Buying Commercial Real Estate
1. Look at Your Options
While it may sound simple at first, there are several different kinds of properties on the market. Your real estate agent can help you narrow down what best suits you and your business or portfolio. Consider an existing office building, an open warehouse, or a mixed-use property that caters to Dayton’s exciting culture.
2. Brush Up on Zoning Restrictions
Check zoning restrictions to make sure your business operation will be compliant for any given piece of real estate. Some requirements to consider are industrial vs. business zones, Dayton historic districts, and parking requirements.
3. Check Against Building Codes
Making sure a property is up to code is equally important. You don’t want to invest too much into a property that will need substantial renovations, particularly if you’ll be using it for a slightly different mode of business. Check for code violations, the approved uses for the structure, and what building permits are required for the renovations your business will require.
4. Secure Your Financing
Once you find a piece of real estate that meets your needs, it’s time to secure funding to make the purchase. No matter how much capital your business currently has access to, no entrepreneur needs to jump into an expansion purchase without first reviewing credit scores with potential lenders and shoring up any additional partnered investors before making a decision.
If you’re looking to invest in new property in the Dayton, OH, area, the experienced real estate agents with Crest Commercial Realty will find the perfect match. With over 50 years of experience, this local firm has successfully managed, bought, and sold more than 10 million square feet of commercial space in the area. To maximize your commercial real estate potential, call them today at (937) 222-1600 or visit them online for more information on how they can help.